Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0076%/8h= −8.3% APRpaid last 24h −0.032%

Price spread now: Hotstuff against edgeX+0.109%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on edgeX Short on Hotstuff

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropedgeX: Active · Hotstuff: Active · farm boardneeds both histories

The price spread pays, funding is against you. Hotstuff is 0.109% dearer against edgeX than usual: you sell high and buy low (spread +0.109% now, against zero (this spread has no 7-day history yet)): +$11 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 4.8 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX XAUUSDC	4,351.7	0.0092	pay 0.0046% / 4h	2h 21m	$30.3M	$59.8M	50x
Short	Hotstuff GOLD-PERP	4,356.5	0.0016	get 0.0002% / 1h	21m 27s	$33K	—	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hotstuff against edgeX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee edgeXbpFee HotstuffbpOrdersPrice spread, now +0.109%Rate

Funding earned: −$15.87
Price spread: +0.109% → 0.000%: $10.92
Slippage, 4 orders: no order book: not counted
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Net: −$18.95
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: edgeX: live order book, 3 min ago; Hotstuff: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy edgeX live order book, 3 min ago	0.34 bp	4.8 bp −$5	4.9 bp −$49	8.0 bp −$804	35.6 bp −$17.8K
Sell Hotstuff no order-book sample	—	—	—	—	—

Hotstuff: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

XAU on 38 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate XAU_USDT	0.0000%	4h	4,360.8	+0.208%	$263.4M	$412.1M	100x	as long as short
Kalshi KXGOLDPERP	0.0000%	24h	4,357.1	+0.123%	$4.1M	$35.9M	15x	as long as short
SunX XAU-USDT	0.0000%	4h	4,363.1	+0.260%	$93K	$9.6M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,355.8	+0.092%	$270K	—	250x	as long as short
Hotstuff GOLD-PERPshort	+0.0016%	1h	4,356.5	+0.109%	$33K	—	25x
Aster XAUUSD1	+0.0020%	4h	4,360.5	+0.201%	$70.7M	$292.9M	20x	as long as short
Extended XAU-USD	+0.0032%	1h	4,355.4	+0.085%	$13.5M	$42.1M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	−0.030%	$619	$54	52x	as long as short
StandX XAU-USD	+0.0040%	1h	4,359.3	+0.174%	$3.8M	$4.7M	40x	as long as short
Vest GC-PERP	+0.0046%	1h	4,392.7	+0.941%	—	$1.0M	25x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
tradeXYZ xyz:GOLD	+0.0050%	1h	4,356.7	+0.114%	$294.4M	$48.4M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,355.8	+0.092%	$14.9M	$57.9M	25x	as long as short
QFEX GOLD-USD	+0.0051%	1h	4,358.4	+0.153%	$5.6M	$1.9M	20x	as long as short
Lighter XAU	+0.0056%	1h	4,358.3	+0.151%	$20.7M	$43.6M	25x	as long as short
Lighter RH XAU	+0.0056%	1h	4,361.1	+0.214%	$20.2M	$40.9M	25x	as long as short
Polymarket Perps GOLD-USD	+0.0065%	1h	4,358.6	+0.157%	$4.3M	$1.9M	20x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0072%	1h	4,353.9	+0.049%	$2.0M	$5.0M	25x	as long as short
Variational Omni XAU	+0.0072%	4h	4,356.4	+0.107%	$48.3M	$28.1M	—	as long as short
Paradex XAU-USD-PERP	+0.0081%	8h	4,359.2	+0.171%	$19K	$5K	5x	as long as short
edgeX XAUUSDClong	+0.0092%	4h	4,351.7	long leg	$30.3M	$59.8M	50x
MEXC XAU_USDT	+0.0092%	4h	4,359.4	+0.175%	$376.1M	$323.4M	1000x	as long as short
Binance XAUUSDT	+0.0095%	4h	4,359.8	+0.186%	$409.2M	$2.09B	100x	as long as short
Pacifica XAU	+0.0100%	1h	4,356.3	+0.105%	$1.4M	$1.2M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,356.1	+0.101%	$275K	$204K	50x	as long as short
Bluefin GOLD-PERP	+0.0100%	1h	4,352.6	+0.020%	$26K	$14K	20x	as long as short
Aevo XAU-PERP	+0.0104%	1h	4,358.8	+0.162%	$161K	$87	10x	as long as short
GRVT XAU_USDT_Perp	+0.0110%	4h	4,360	+0.190%	$1.4M	$2.9M	25x	as long as short
Phoenix GOLD	+0.0121%	1h	4,356.7	+0.114%	$48K	$64K	25x	as long as short
RISEx XAU/USDC	+0.0135%	1h	4,359.1	+0.168%	$3.4M	$12.4M	25x	as long as short
Bullet GOLD-USD	+0.0159%	1h	4,359.6	+0.181%	$59K	$83K	10x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0163%	1h	4,357	+0.121%	$234K	$662K	25x	as long as short
Bybit XAUUSDT	+0.0168%	4h	4,360.6	+0.204%	$84.1M	$143.7M	150x	as long as short
Bitget XAUUSDT	+0.0174%	4h	4,360.1	+0.191%	$69.5M	$109.6M	100x	as long as short
OKX XAU-USDT-SWAP	+0.0233%	8h	4,360.7	+0.206%	$164.9M	$283.1M	100x	as long as short
Kraken Futures PF_XAUUSD	+0.0269%	1h	4,356.5	+0.109%	$594K	$139K	25x	as long as short
Phemex XAUUSDT	+0.0340%	4h	4,361.8	+0.232%	$2.2M	$1.1M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0394% / S −0.0199%	1h	4,359.7	+0.183%	$253K	—	111x	as long as short
HTX XAU-USDT	+0.0529%	4h	4,364	+0.282%	$2.9M	$3.9M	75x	as long as short